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SGX Gives Approval to Delong Holdings

Steel News - Published on Thu, 12 Sep 2019

Image Source: SGX
Business Times reported that the Singapore Exchange has approved the proposed delisting of Delong Holdings. Group's chief executive Mr Ding Liguo’s revived privatization offer closed on Tuesday, with the offer and concert parties owning 98.75 per cent of the total number of shares.

Mr Ding had launched a voluntary cash offer to take Delong private at SGD 7 a share via vehicle Best Grace Holdings

Delong shares have been suspended since 9AM on Wednesday. The counter was flat at S$GD 6.98 at Tuesday's close.

Source :

Posted By : Amom Remju on Thu, 12 Sep 2019
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